Income threshold increased for two visas

IMPACT – MEDIUM

Immigration New Zealand is set to increase the median wage for Essential Skills Work Visas and Skilled Migrant Residence Visas.

Key Points:

• Beginning July 19, the median wage for Essential Skills Work Visas and Skilled Migrant Residence Visas will be increased from NZ $25.50 to NZ $27.00 per hour.
• Updated thresholds do not apply to current visa holders. Individuals must be paid above the pay rate that was established when the visa was initial granted.
• Income thresholds are based on the annual New Zealand Labor Market Statistics information released annually.

BAL Analysis: Affected employers should take note of the change and budget for the increases as needed. Individuals who earn between NZ $25.50 and NZ $27.00 hourly should renew Essential Skills Work Visas before July 19. Skilled Migrant Residence Visa applicants in the EOI pool should consider whether they still meet the new minimum income thresholds required to be selected from the pool when it re-opens.

This alert has been provided by Berry Appleman & Leiden LLP. For additional information, please contact berryapplemanleiden@bal.com.

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